Fiji Heads to Polls, But Will Democracy Be the Victor?

TODAY: Sept. 14, 2014 PUB DATE: Sept. 14, 2014

By Lucy Craymer SUVA, Fiji--Fiji's election won't just determine who will rule the picturesque cluster of islands in the South Pacific, but also whether a promise to return to democracy will be fulfilled. About 600,000 Fijians are set to head ...

China Life to Pay CNY10 Billion for 2.8% Stake in Sinopec Unit

TODAY: Sept. 14, 2014 PUB DATE: Sept. 14, 2014

By Wayne Ma China Life Insurance said in a statement Sunday it entered into an agreement to buy a 2.8% stake in the marketing unit of China's largest oil refiner for 10 billion yuan ($1.63 billion). The announcement comes after ...

Moscovici Vows to Objectively Examine France's Budget Deficit

TODAY: Sept. 14, 2014 PUB DATE: Sept. 14, 2014

By Ruth Bender PARIS--The European Union's incoming commissioner for economic and financial affairs, Pierre Moscovici, said Sunday he would "objectively" examine France's missed budget deficit target, which he referred to as a "serious problem." France last week warned it would ...

Ukraine President Poroshenko Faces Backlash Over EU Trade Deal Delay

TODAY: Sept. 14, 2014 PUB DATE: Sept. 14, 2014

By James Marson And Paul Sonne KIEV, Ukraine--Ukrainian President Petro Poroshenko faces rising criticism for his decision to delay implementation of part of a European Union deal to avoid threatened Russian retaliation. A senior diplomat resigned in protest over the ...

Russia Predicts Revenue Shortfall Through 2017

TODAY: Sept. 14, 2014 PUB DATE: Sept. 14, 2014

By Andrey Ostroukh MOSCOW--Russia's flagging economic growth together with stubbornly high inflation are set to eat into a part of budget revenue, the country's finance minister said Sunday, Russian news agencies reported. Ambitious plans to see Russia's economy growing by ...

Mercedes-Benz to Equip Car Models With Plug-In Hybrids - Report

TODAY: Sept. 14, 2014 PUB DATE: Sept. 13, 2014

Daimler AG's (DAI.XE) Mercedes-Benz unit plans to equip 10 car models with plug-in hybrid engines by 2017, Mercedes management board member for development, Thomas Weber, tells weekly magazine Automobilwoche. Mercedes will start with the S500 model and expects to produce ...

ECB's Liikanen Says More Easing Measures If Needed

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

HELSINKI--The European Central Bank can introduce new measures to ease monetary conditions further in the eurozone if needed, ECB governing council member Erkki Liikanen said in an interview published Friday. The ECB last week cut its policy rate to 0.05%, ...

China Credit Growth Surges to 702.5 Billion Yuan in August

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

BEIJING--Chinese banks stepped up lending in August after a big fall a month earlier, data from the central bank showed Friday. Chinese financial institutions issued 702.5 billion yuan ($114.6 billion) in new yuan loans in August, up sharply from 385.2 ...

Rising U.S. Dollar Takes Shine Off Gold in Asia

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Biman Mukherji HONG KONG--A rallying U.S. dollar is fueling expectations in Asia that gold prices, already at their lowest in more than seven months, have further to fall, offsetting the expected rise in demand from year-end festivities in China ...

Sterling Steady as Scottish "No" Camp Regains Lead

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

Sterling held on to the gains it made late Thursday after a poll showed a renewed lead for opponents of Scottish independence in the run-up to next week's referendum. The same pollster sent the pound into a tailspin earlier this ...

CURRENCIES: Dollar Drives Up To Yen107 On Policy Divergence

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Hiroyuki Kachi The dollar was higher against the yen Friday, hitting a six-year high on expectations for diverging monetary policy and economic conditions in the U.S. and Japan. The dollar was at Yen107.20 compared with Yen107.10 late Thursday in ...

Fosun Group Makes Counter Offer for Club Med

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

PARIS--A group led by China-based conglomerate Fosun International (0656.HK) made a counter bid for Club Mediterranee (CU.FR) higher than one filed by Italian businessman Andrea Bonomi, in a sign that the battle for the control of the French tourism group ...

France's July Current Account Deficit Narrows to EUR2.2 Billion

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Inti Landauro PARIS--France's current-account deficit narrowed in July after it ballooned in June as the country's largest listed bank by assets, BNP Paribas, paid a multi billion-dollar fine in the U.S. for violating sanctions against Iran, Cuba and Sudan, ...

U.S. Dollar Marks Longest Rally in 17 Years

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Josie Cox and Anjani Trivedi The U.S. dollar has been climbing for nine weeks, marking its longest rally in 17 years, spurred by expectations that the Federal Reserve could raise interest rates next year, in a divergence from other ...

U.S. Retail Sales Rise 0.6% in August

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

WASHINGTON--Spending at U.S. retailers ticked up in August, a sign that lower gasoline prices and better job growth may be encouraging consumers to open their wallets. Retail and food sales rose 0.6% from July to a seasonally adjusted $444.4 billion, ...

MARKET SNAPSHOT: U.S. Stocks Fall, Set To Snap 5-week Advance

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Anora Mahmudova and Carla Mozee, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks moved lower on Friday and were set to snap a five-week advance. Investors found little comfort from a rise in monthly retail sales and stronger-than-expected consumer sentiment ...

Continental Wins Regulatory Approval For Veyance Acquistion

TODAY: Sept. 14, 2014 PUB DATE: Sept. 12, 2014

By Neetha Mahadevan FRANKFURT--The German Cartel Office approved Friday Continental AG's (CON.XE) acquisition of Veyance Technologies Inc., a U.S. rubber and plastics company, from private-equity firm Carlyle Group. Despite the high market share of the German auto supplier and reduction ...